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knicks

The Knicks Are the Most Valuable Franchise in the NBA

So says Forbes, which reports that the team is worth $655 million, up 12 percent from last year. That's enough to top the Lakers, whose value rose 6 percent to $643 million. The magazine explains that the team sold out its full-season ticket inventory for the first time since 2001–02 and that its parent company signed a lucrative sponsorship deal with JPMorgan Chase. The team that saw the biggest increase in value? The Heat, up 17 percent. The biggest drop? The Cavs, down 26 percent. [Forbes]

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